Overall unemployment rate moved down to 3.4% with the biggest shift in Transportation & Utilities, which gained 200 roles, based on the most recently available information published in April 2022.
Total employment in the Sebastian-Vero Beach, FL market rose by 182 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 3.4%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Sebastian-Vero Beach, FL unemployment rate is 74 bps below the national rate which is a positive sign.
- Unemployment in the market is 140 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 5.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 11,400; +200
- Education & Healthcare: 10,800; no change
- Restaurants & Hotels: 8,200; +200
- Business Services: 6,700; +100
- Government: 5,100; -100
- Construction, Mining: 4,500; no change
- Financial Services: 3,000; no change
- Other Jobs: 3,000; no change
- Manufacturing: 2,200; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.